Movement Alert|KINGDEE INT'L Declines 5.03% in Regular Trading, Technical Rebound Fails to Sustain After MSCI Removal

Market Focus
Sep 02

On September 2, KINGDEE INT'L fell 5.03% in regular trading, trading at 8.385 HKD/share, with turnover of approximately HKD 34.63 million.

On the news front, the MSCI China Index quarterly rebalancing officially took effect on August 31, with KINGDEE INT'L being removed from the index. On that day, the stock faced concentrated selling of approximately HKD 3 billion from passive index-tracking funds, closing down 3.24%. While the prior trading session saw a technical rebound of over 5% as passive selling pressure was largely absorbed in a single session, today's price action indicates the rebound has failed to hold, with the stock resuming its decline.

Additionally, since August, several major international investment banks including Bank of America, Nomura, Citi, and Morgan Stanley have maintained buy ratings but uniformly lowered their target prices to a range of HKD 11.4 to HKD 12.9, reflecting a cautious stance toward software sector valuations despite acknowledging the company's accelerating AI-native product commercialization and its first-half turnaround to profitability.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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